India at 3 percent of global manufacturing compared to China’s 30 percent, says MEA Secretary, Economic Relations. 'Corridor will be essential for trade & supply chains after scale-up'.
US-India Joint Statement validates MoU for the India-Middle East-Europe Economic Corridor. It will be taken forward, albeit under a challenging geopolitical scenario in the Middle East.
The Iran-backed Houthi militants of Yemen have been attacking commercial ships in the Red Sea — a gateway to the trade-critical Suez Canal. This has a direct bearing on India’s energy security.
If you think this is mostly a bit of local bother that will smooth itself out as the dislocations of a reawakening global economy ease off, you might be in for a shock.
With cargoes delayed for weeks, the blockage could unleash a flood of claims by everyone affected, from shipping lines to manufacturers and oil producers.
The 'Ever Given', finally floating on its way again, is in the second class of mega freighters. Next-generation ships with a 20-meter draught would be at constant risk of grounding.
Shipping experts anticipate that the disruption will carry over for months because of schedules being upturned and uneven wave of cargo that will hit ports down the line.
While the Russia-Ukraine war saw the BJP projecting PM Modi as a ‘vishwaguru’ who could end international conflicts, the party has made a nuanced shift in its electoral strategy vis-à-vis the West Asia war.
Report on impact of AI emergence—drawing upon depositions from several ministries—confirms that the developments come in the absence of AI laws or considerations over them.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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